Land Academy Costs Less Than One College Course (LA 1534)
Transcript:
Steven Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Steven Butala:
Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit:
And I'm Jill DeWit, broadcasting from sunny, southern California.
Steven Butala:
Today, Jill and I talk about how Land Academy costs less than one college course.
Jill DeWit:
Isn't that amazing?
Steven Butala:
I talked about this in the content of one of our podcasts I think last week, and it exploded on Discord.
Jill DeWit:
Well, it struck a chord with me too.
Steven Butala:
Me too.
Jill DeWit:
So I was like this is worth talking about, the value and just how things change, how the value of this, the value of trade schools, the value of college degrees. They all have a place.
Steven Butala:
I mean there's probably 40 entries in there about personal... A lot of it is personal experiences about college degrees that people... other types of degrees they wish they got, how the degrees that they got had treated them well and then invariably costs. So Jill and I looked it up this morning because we were horsing around a little bit-
Jill DeWit:
Let's share it in a minute.
Steven Butala:
Over a cup of coffee. So yeah, we'll share it in a second. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. If you're already a member, join us on Discord.
Jill DeWit:
If you're a member of Land Academy that is. So yes. Joseph wrote, "On a recent mailing campaign, I ran into an issue with a property owner listing his vacant land for sale with a realtor. He told me he will sell the land to me once his contract expires with the realtor. Evidently, the relationship had soured." That happens.
Steven Butala:
This is very common.
Jill DeWit:
Yeah. "My question is this, if I wait until the contract with the realtor expires and put it into contract, would this be considered ethical? I'm not real superstitious, but I don't want any bad juju." You know what? Yeah. There is a conflict here. I mean isn't it if they bring someone in during the course of the contract and then there's always a tail end of the expiration thing. I have to go back and read the exact verbiage, but I'm not loving this because I don't want to piss anybody off but I think you have a different opinion.
Steven Butala:
I do.
Jill DeWit:
Here we go. And we're going to hear it.
Steven Butala:
At least number one, this is a contract. That's it. It's a contract. There shouldn't be very much emotion. Joseph, this is a great question. I love answering this stuff and thank you for asking it. This is not personal at all. It's a contract and the terms of the contract are going to dictate everybody's behavior and those outcomes. So please read it. There's always, in my opinion, a trailing period of a listing where if... and I believe that it says now or it may be changed, chances are it's changed now because lawyers love to change these listing agreements minute by minute, but it used to say, like Jill said, if an agent introduces somebody to a property-
Jill DeWit:
Is identified during that time.
Steven Butala:
And they do buy it six months after the expiration of the contract, then you owe me money.
Jill DeWit:
Exactly. Now whether or not they... Because you know what? And you found it... Well, you know what? This is a tough one too. You didn't find it obviously because of the listing, so there's a bit of a gray area. I'm not going to-
Steven Butala:
That's not gray.The contract's not gray at all. It's black and white, whoever buys this property.
Jill DeWit:
But do you know what's gray? What's gray is you have to read the contract is, does it say if anybody came forward or if I identify this person, because technically you found this property on your own by a mailer and didn't know it was listed on the MLS. That's what I mean by a gray area, but again,